Wheat Growers, Inc

question 245

Multiple Choice

Wheat Growers, Inc. wants to raise $27 million through a rights offering so they can purchase additional acreage to enhance their growing capacity. How many shares of stock will the firm need
To sell through this offering if the current market price is $43 a share and the subscription price is
$35 a share?

• A) 509,434 shares
• B) 627,907 shares
• C) 771,429 shares
• D) 794,118 shares
• E) 800,032 shares

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